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Data from U.S. Energy Information Administration. Forecasts by Sigmanomics Forecast Engine.
United StatesUS EIA Cushing Crude Oil Stocks Change climbed to -1.06M in March 2023
U.S. Energy Information AdministrationMonthlyReleased March 2023
US EIA Cushing Crude Oil Stocks Change climbed to -1.06M in March 2023, up 0.85M from February's -1.92M reading. The print exceeded the -1.56M consensus by 0.5M. The print is running well below the 12-month average of 1.06M. Over the past 3 months, EIA Cushing Crude Oil Stocks Change averaged 1.06M, vs 0.02M in the prior 3-month window. The reading is in the 7th percentile of the trailing 24-month range.
Latest Release
-1.063
Actual
-1.558
Consensus
-1.916
Previous
Median Absolute Error
±0.78 million
across last 3 releases
Last Call
Mar 2023
Predicted: -1.56
Actual: -1.06
Error: -0.5
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
The March 2023 reading rose from the previous value of -1.92. Over the last 3 releases, the Sigmanomics model has produced a median absolute forecast error of ±0.78. Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks) and negatively correlated with EUR/USD (Bearish EUR).
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EIA Cushing Crude Oil Stocks Change - US
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